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Rare [pounds sterling]1 coins could be worth more than [pounds sterling]200 due to Royal Mint 'mistake'; The mix up means some of then are already selling for hundreds on eBay.

Byline: Nisha Mal

A mix-up at the Royal Mint could mean an incredibly rare coin that's worth a lot more than its face value.

One recent example is a new [pounds sterling]1 coin, which could potentially earn you more than [pounds sterling]200.

Examples have already been spotted according to coin expert site changechecker.org

One sold for [pounds sterling]205 on eBay, after receiving 22 bids.

On hisChangechecker blogLuke Hearn wrote: "Now another [pounds sterling]1 coin 'error' has been discovered and this one is very interesting indeed. It would appear that a 12-sided [pounds sterling]1 coin die has been struck on an old round [pounds sterling]1 coin blank."

ChangeChecker is advising people to send off their coins to The Royal Mint Museum, which offersa free verification service.

An error coin is one that has been manufactured incorrectly, they come in scores of shapes, sizes and types.

They can be a result of deterioration of the minting equipment, accidents or malfunctions during the making of the coin.

Due to their irregularity, these coins are rare and therefore are of high worth to collectors.

The Royal Mint still hasn't verified these coins so Change Checker says the best thing to do is to send it to The Royal Mint Museum which offersa free verification service.

In order to send off your coin to the Royal Mint's verification service, you will first need to fill out anonline form, it can take up to 28 days for one of the advisors to get back to you.

Add a description of your coin, as well as a photograph, before submitting the form. However, even though the Royal Mint might be able to tell you if it's a rare [pounds sterling]1, it does not provide valuations.

These are done by a numismatic dealer, you can find reputable ones on the members page of theBritish Numismatic Trade Association website.

Here's what the coin experts atChardssay you should do if you suspect you've been handed an 'error coin':

Last year, there was a story aboutnumerous rare 50p coins which were worth up to hundreds of poundsbased on which designs they had. These included a Kew Gardens coin and a Jemima Puddleduck one.

There was also a report of someone in Cardifflisting a 50p coin for [pounds sterling]2 million on eBay.

It can be hard to have a real idea of how much these are actually worth, ChangeChecker adds a coin is mostly just worth how much someone is willing to pay for it.

Change Checker has created this eBay price tracker for guidance.

CAPTION(S):

Credit: ChangeChecker

This is one of the latest error coins

Credit: AFP

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Title Annotation:What's On
Publication:Wales Online (Cardiff, Wales)
Date:May 27, 2018
Words:446
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